Gibbs: Judge Stimulus Now

[FreedomInAmerica]

3/3

The simple reason government spending fails to end recessions is that Congress does not have a vault of money waiting to be distributed. Every dollar Congress “injects” into the economy must first be taxed or borrowed out of the economy. No new income, and therefore no new demand, is created. They are merely redistributed from one group of people to another. Congress cannot create new purchasing power out of thin air.

[FreedomInAmerica]

2/3

This is no longer a theoretical exercise. The idea that increased deficit spending can cure recessions has been tested, and it has failed. If growing the economy were as simple as expanding government spending and deficits, then Italy, France, and Germany would be the global economic kings. And there would be no reason to stop at $787 billion: Congress could guarantee unlimited prosperity by endlessly borrowing and spending trillions of dollars.



[FreedomInAmerica]

1 /3

nrd.nationalreview com/article/?q=MTViNmZiZmQ4NmM­xM2Y5NmEzNWIwYWRmNmNhMWJlY2I=

$787 billion (actually $862 B) “stimulus” a flop. In a January report, White House economists predicted the bill would create (not merely save) 3.3 million jobs. Since then, 2.8 million jobs have been lost, pushing unemployment toward 10 percent.

[DorjePawo]

Obama's the Antichrist announced in the IL Lottery.

[antimarxism]

Whew! Now the Leftists can only blame Boooosh for everything else that happens during Obama's 1 term.

[killergames187]

"America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves."

Abraham Lincoln.

Obama is lying his ass off people wake up!!!

[brad90956]

Nice. Don't these liberal retards understand that all liberals do is TAX and SPEND. Complain about Bush all you want but Barry is INCREASING THE SIZE OF THE DEBT MORE IN 4 MONTHS THAN BUSH IN 8 YEARS. He has spent more money than all other President's COMBINED. And this is without spending on the Climate Bill or Health Care.

The biggest scam every perpetrated on the American people.

But hey, you voted this MORON into office. 2010 and 2012 - Take back America!!!

[HollywoodWags]

Go figure that when we elected a Strong Leader type, the little libs threw their little tantrum, we'd end up with a lunkheaded dunce who is incapable of understanding anything.

Good job libtards.

[IGORYESMASTER]

So how's all of that Hope and Change working out for you?

[peterwilltravel]

Well the judgement is in. They spent a boatload (or rather a fleetload) of money and unemployment is still rising, house prices are still dropping, foreclosures are still at record rates.

That would mean to the intelligent people that it is a total failure. Now to the Obamamaniacs it means it is all Bush's fault and we need to let the spending work as we spend even more on the LIBERAL agenda.

[ronnkarenmccoy]

Judgement? Epic FAIL.

[ElTejon47901]

Is this administration the dumb leading the stupid, or the evil leading the morons?

[masanf]

OK, I will judge the stimulus now. It has been a fucking disaster that hasn't done a damn thing. Unemployment is going to go well over ten percent, and the only thing we have to show for it from the stimulus is a trillion dollars more debt. Thank god the majority of Americans don't think the so-called stimulus accomplished a damn thing.

[Kurtacus]

What a putz. And what a sham this administration is. Thanks to the idiots who voted this clown and his court into office. "Start judging now." LOL, pay no attention to that 9.4% unemployment rate that we told you would not exceed 8% if you'd only vote the stimulus through YESTERDAY...that was Bush's fault. Start judging now, and you can see that unemployment has stabilized as of...well, now. We win." Man, we're so screwed.